Bollinger Bands with Zig Zag Scalping System For MT4

Bollinger Bands with Zig Zag Scalping System For MT4

Table Of Contents:

  1. Bollinger Bands with Zig Zag Scalping System For MT4
  2. The Bollinger band with zig zag trading system – Long positions
  3. The Bollinger band with zig zag trading system – Short positions
  4. Is the Bollinger band with zig zag trading system good for you?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The Bollinger Bands with Zig Zag Scalping System For MT4 , is a very simple to use short term scalping system. Interestingly, you can also use this method on longer chart time frames as well with relative ease.

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The Bollinger band with zig zag trading system focuses on the use of dual Bollinger bands and the Stochastic oscillator. These two indicators form the major part of the Bollinger band with zig zag trading system. As you will see in the course of this article, the trading signals are easy to understand. You will have multiple opportunities to trade using the Bollinger band with zig zag trading system.

The trading system itself is easy to understand, so the Bollinger band with zig zag trading system is ideally suited even for absolute beginners. However, it is recommended that the trader has some knowledge about how Bollinger bands work and what information they relay.
The main trading indicators used in the Bollinger band with zig zag trading system is of course the Bollinger bands themselves. This is a default indicator. The first Bollinger band is used with a setting of 20 periods and two standard deviations. The second Bollinger band also uses a setting of 20 period but with a three standard deviation setting. This enables the two Bollinger bands to stay on top of each other.

When price movements or volatility is extreme, you will see that price breaks past the inner Bollinger band and can at times move to the outer Bollinger band as well. In the Bollinger band with zig zag trading system, we also have the Zig Zag pointer indicator.

This is a modified version of the zig zag indicator. Instead of plotting the zig zag lines, the zig zag pointer indicator only plots up and down arrows at the turning points in the price chart. However, it is important to note that the zig zag pointer indicator does not plot the arrows in real time. It plots the arrows only after price has made a significant high or low point. Also bear in mind that the zig zag pointer indicator tends to repaint itself.

This means that if price makes a swing high or low and then retreats only to make another significant swing high or low, the zig zag indicator will repaint itself.
Finally, we have the stochastics oscillator. This indicator makes use of the 11, 5, 5 combination for the setting and uses the high and low set to a simple moving average. Combining the arrows from the zig zag indicator and the Bollinger bands, we have the Bollinger band with zig zag trading system. Let's now take a look at how you can trade using the Bollinger band with zig zag trading system.

The Bollinger band with zig zag trading system – Long positions




For long positions using the Bollinger band with zig zag trading system, we start by looking at price and its relative position to the Bollinger bands. Ideally, price should be trading near the lower Bollinger band. It is good if price can at times break down lower as well.

The next step is to look for the Stochastics oscillator make a bullish crossover. This can happen either above the 20 level or even below it.

When the Stochastic oscillator signals a bullish crossover, look at the price action for any bullish candlestick patterns to emerge. Take a pending long position at the recent high that formed.

Set your stop loss to the recent low, just a few pips below the low that formed outside near one of the Bollinger bands. Continue to keep an open position by targeting the initial Bollinger band, the blue/cyan color. You can also choose make use of a fixed risk to reward set up to ensure that you make consistent profits using the Bollinger band with zig zag trading system.

The Bollinger band with zig zag trading system – Short positions




For short positions using the Bollinger band with zig zag trading system, we start by looking at price and its relative position to the Bollinger bands. Ideally, price should be trading near the upper Bollinger band. It is good if price can at times break out higher as well.
The next step is to look for the Stochastics oscillator make a bearish crossover. This can happen either above the 20 level or even below it.

When the Stochastic oscillator signals a bearish crossover, look at the price action for any bearish candlestick patterns to emerge. Take a pending short position at the recent low that formed.

Set your stop loss to the recent high, just a few pips above the high that formed outside near one of the Bollinger bands. Continue to keep an open position by targeting the initial Bollinger band, the blue/cyan color. You can also choose make use of a fixed risk to reward set up to ensure that you make consistent profits using the Bollinger band with zig zag trading system.

Is the Bollinger band with zig zag trading system good for you?


In conclusion, the Bollinger band with zig zag trading system is a very nice trading strategy. Beginners will find it very comfortable to trade with this trading system. The indicators used in this trading system are mostly default indicators with the exception of the zig zag pointer indicator.

The trading template for the Bollinger band with zig zag trading system is also light weight. So you can use this method on multiple charts without the template slowing down your MT4 trading terminal. The Bollinger band with zig zag trading system can be used on short term charts and also long term charts.

So swing traders will this to be a rather unique way of trading with the combination of two Bollinger bands. This trading system has the ability to create huge profits if you trade with discipline. It is a trend following system and therefore, trends traders will find it a pleasure to use the Bollinger band with zig zag trading system.

Download the complete system description and the files here:

FREE Bollinger Bands with Zig Zag Scalping System

Download the FREE Bollinger Bands with Zig Zag Scalping System for MT4.

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